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F ederal reserve bank DALLAS, TEXAS of Dallas 75222 Circular No. 7*+-^ January 3> 197^ AMENDMENT TO REGULATION H To All Member Banks in the Eleventh Federal Reserve District: The Board of Governors of the Federal Reserve System has amended its Regulation H, "Membership of State Banking Institutions in the Federal Reserve System, to waive the requirement for the submission of reports of affiliates of State member banks, unless such reports are specifically requested by the Board of Governors. A copy of the amendment, effective December 21, 1973> is enclosed for insertion in the ring binder containing the Regulations of the Board of Governors and the Bulletins of this Bank. Yours very truly, P. E. Coldwell President Enclosure (l) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM A M EN D M EN T TO REG U LATION H MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE FEDERAL RESERVE SYSTEM Provided, That if the word “none” is shown against all of the items appearing under such caption in the report furnished to the Federal Reserve Bank the caption “Financial relations with bank” shall SECTION 208.9— PUBLICATION OF appear in the published statement followed by the REPORTS OF MEMBER BANKS AND word “none.” All signatures shall be the same in TH EIR AFFILIATES the published statement as in the original report submitted to the Federal Reserve Bank, but the * * * * * signatures may be typewritten or otherwise copied (b) Reports of Affiliates.10 (1) If reports on the report for publication. of affiliates are requested by the Board of (3) A copy of the printed report shall be sub Governors of the Federal Reserve System, mitted to the Federal Reserve Bank attached to each report of an affiliate of a member State the certificate on Form F.R. 220a. bank, including a holding company affiliate, shall be published at the same time and in the same (c) Waiver of reports of affiiliates. Pursuant newspaper as the affiliated bank’s own condition to section 21 of the Federal Reserve Act (12 report submitted to the Federal Reserve Bank, U.S.C. 486), the Board of Governors of the unless an extension of time for submission of the Federal Reserve System waives the requirement report of the affiliate has been granted under au for the submission of reports of affiliates of State thority of the Board of Governors of the Federal bank members of the Federal Reserve System, Reserve System. When such extension of time has unless such reports are specifically requested by been granted, the report of the affiliate must be the Board of Governors. The Board of Governors submitted and published before the expiration of of the Federal Reserve System may require the such extended period in the same newspaper as submission of reports which are necessary to dis the condition report of the bank was published. close fully relations between member banks and (2) The copy of the report for the use of the their affiliates and the effect thereof upon the affairs of member banks. printer for publication should be prepared on Form F.R. 220a. The published information shall 10 Section 21 of the Federal Reserve Act, among other things, agree in every respect with that shown on the face provides as follows: “ Whenever member banks are required of the report of the affiliate furnished to the to obtain reports from affiliates, or whenever affiliates of mem ber banks are required to submit to examination, the Board of Federal Reserve Bank by the affiliated member Governors of the Federal Reserve System or the Comptroller of the Currency, as the case may be, may waive such require bank, except that any item appearing under the ments with respect to any such report or examination of any caption “Financial relations with bank” against affiliate if in the judgment of the said Board or Comptroller, respectively, such report or examination is not necessary to which the word “none” appears on the report fur disclose fully the relations between such affiliate and such bank and the effect thereof upon the affairs of such bank.” In any nished to the Federal Reserve Bank may be omit case where the Board has waived the filing of a report of an ted in the published statement of the affiliate: affiliate, no publication of a report of an affiliate is required. Effective December 21, 1973, §§208(b) and (c) are amended to read as follows:
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